PROPERTIES - SSGA · Explanatory Notes Property Fund holding valuation range is based on valuations as at 31 December 2018 and is based on the following ranges: 0–5m, 5–10m, 10–15m,

WindWise Property Fund

PROPERTIES

Explanatory NotesProperty Fund holding valuation range is based on valuations as at 31 December 2018 and is based on the following ranges:0–5m, 5–10m, 10–15m, 15–20m and + 20m (figures shown in euro or GBP depending on location of asset) and is subject to change.Lease expiration figures shown are based on the term to break or lease expiry (whichever is shorter) and is subject to change. Where properties are multi-tenanted we have used the average length to break/expiry.Approximate square footage figures are based on the floor area of entire property (i.e. figures have not been reduced to reflect partial ownership by the WindWise Property Fund (QIAIF)).Tenant names shown represent a sample of tenants, not all tenants are included. In some instances the tenant’s trading name is shown, as distinct from the corporate entity leasing the property in question.Buildings within the portfolio may contain vacancies from time to time, which are not shown in this document.Past performance is not a guarantee of future results.

The WindWise Property Fund was launched in 1981 and is one of State Street Global Advisors' longest running investment funds. Its track record of outperforming peers is established and historically proven. Fundamental to the performance of the fund is the quality, location and strength of tenant covenant of the underlying properties held.


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For more information about State Street Global Advisors’ complete range of fund offerings, please contact:

+353 1 776 3029

[email protected]

IRELAND PROPERTIESOFFICE

5 40 Molesworth Street, Dublin 2

6 6 Custom House Plaza, IFSC, Dublin 1

7 7/8 Wilton Terrace, Dublin 2

8 Ferry House, Lower Mount Street, Dublin 2

9 Palmerston House, Fenian Street, Dublin 2

9 Block 2, Airside Business Park, Swords, Co. Dublin

10 Block E, Citywest Business Campus, Naas Road, Dublin 24

10 Block F, Citywest Business Campus, Naas Road, Dublin 24

11 Unit 5C, Sandyford Business Centre, Sandyford Industrial Estate, Dublin 18

11 Unit 6A & B, Sandyford Business Centre, Sandyford Industrial Estate, Dublin 18

12 Unit 2, Dundrum Business Park, Dundrum, Dublin 14

13 Temple House, Blackrock, Co. Dublin

14 Zurich House, Frascati Road, Blackrock, Co. Dublin

RETAIL

16 67/68 Grafton Street, Dublin 2

17 Grafton Buildings, Grafton Street, Dublin 2

18 87 Grafton Street, Dublin 2

19 1 PO Buildings, Henry Street, Dublin 1

19 2 PO Buildings, Henry Street, Dublin 1

INDUSTRIAL

21 Unit 21, Fonthill Business Park, Clondalkin, Dublin 22

22 Eagle House, Dublin Airport Logistics Park, St. Margaret’s Road, Co. Dublin

23 Unit 25, Magna Drive, Magna Business Park, Citywest, Dublin 24

24 2004, Citywest Business Campus, Naas Road, Dublin 24

24 Unit 1, Rosemount Business Park, Dublin 15

25 Units 17A & B, Stillorgan Industrial Estate, Dublin 18

26 Unit 17C, Stillorgan Industrial Estate, Dublin 18

UK PROPERTIESOFFICE

28 8-10 Hatton Gardens, London EC1

30 960 Capability Green, Luton, Bedfordshire LU1 3LU

RETAIL

32 24 Bridge Street, Stratford-upon-Avon, CV37 6AD

32 26 Bridge Street, Stratford-upon-Avon, CV37 6AD

33 36 Clarence Street, Kingston upon Thames, KT1 1NR

33 42/44 Clumber Street, Nottingham, Nottinghamshire NG1 3GB

INDUSTRIAL

35 Plot 27, Northbank Industrial Park, Irlam, Manchester, M445 BP

36 Unit A, Dencora Centre, Manor Royal, Crawley, Sussex RH10 2PY

36 Unit B, Dencora Centre, Manor Royal, Crawley, Sussex RH10 2PY

36 Unit C, Dencora Centre, Manor Royal, Crawley, Sussex RH10 2PY

37 Unit 1, Site B, Etheridge Avenue, Brinklow, Milton Keynes MK10 OBP

37 Unit 2, Site B, Etheridge Avenue, Brinklow, Milton Keynes MK10 OBP

As at 31 December 2018.

3State Street Global Advisors

OFFICEIreland Properties


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40 Molesworth Street, Dublin 2

TenantsJet Engineering Technology (lease guaranteed by Wal-Mart Stores Inc.)Specsavers

Fund Holding Valuation Range

Lease Expiration

Approximate Size

€20m +

5–10 years

34,000 ft2


6 Custom House Plaza,* IFSC, Dublin 1

TenantsCitco Fund Services (Ireland)Citco Bank Nederland NV


Lease Expiration

Approximate Size

€15–20m

0–5 years

24,500 ft2

* Photo shows entrance to Custom House Plaza which Number 6 is part of.


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7/8 Wilton Terrace, Dublin 2

TenantsThe Canadian Embassy

Philip Lee SolicitorsBeechwood Partners

Markel International Insurance


Lease Expiration

Approximate Size

Held by WindWise

€15–20m

5–10 years

33,000 ft2

50%


Ferry House, Lower Mount Street, Dublin 2

TenantsSpar

JC MasterClinch Wealth Management

CI ConsultingSidetrade

ZarionPathfinder

Adaptive Mobile Security


Lease Expiration

Approximate Size

€20m+

0–5 years

34,500 ft2


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Held by WindWise 50%

Palmerston House, Fenian Street, Dublin 2

TenantsBritish TelecomNorthgate Arinso Ireland3 Ireland


Lease Expiration

Approximate Size

€5–10m

5–10 years

26,000 ft2

Block 2, Airside Business Park, Swords, Co. Dublin

TenantsKellogg Europe Trading


Lease Expiration

Approximate Size

€5–10m

0–5 years

29,500 ft2


Block E, Citywest Business Campus, Naas Road, Dublin 24

Block F, Citywest Business Campus, Naas Road, Dublin 24

TenantsApplus Car TestingWincor Nixdorf

TenantsNestlé



Lease Expiration

Lease Expiration

Approximate Size

Approximate Size

€5–10m

€5–10m

0–5 years

5–10 years

23,000 ft2

23,000 ft2

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Unit 5C, Sandyford Business Centre, Sandyford Industrial Estate, Dublin 18

Unit 6A & B, Sandyford Business Centre, Sandyford Industrial Estate, Dublin 18

TenantsIrish Broadband Services

TenantsIrish Broadband Services



Lease Expiration

Lease Expiration

Approximate Size

Approximate Size

€0–5m

€0–5m

5–10 years

5–10 years

4,000 ft2

14,000 ft2


Unit 2, Dundrum Business Park, Dundrum, Dublin 14

TenantsJohn Paul Construction


Lease Expiration

Approximate Size

€0–5m

0–5 years

7,000 ft2


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Temple House, Blackrock, Co. Dublin

TenantsIrish LifeEuropean Cataract SocietyThe Commission for Railway RegulationVodafoneH3G


Lease Expiration

Approximate Size

€10–15m

5–10 years

29,500 ft2


Zurich House, Frascati Road, Blackrock, Co. Dublin

TenantsZurich

Sodexo


Lease Expiration

Approximate Size

€0–5m

0–5 years

23,000 ft2



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RETAILIreland Properties


67/68 Grafton Street, Dublin 2

TenantsHugo Boss


Lease Expiration

Approximate Size

€15–20m

0–5 years

8,000 ft2

16


Grafton Buildings, Grafton Street, Dublin 2

TenantsSeasons of IrelandGino’s Ice CreamJigsawT.M.LewinHayden Brown AccountantsGrafton Medical CentreGood & Murray Smith


Lease Expiration

Approximate Size

€20m+

0–5 years

17,500 ft2


87 Grafton Street, Dublin 2

TenantsThree Ireland Services (Hutchinson)


Lease Expiration

Approximate Size

€10–15m

5–10 years

3,500 ft2

18


1 PO Buildings, Henry Street, Dublin 1

2 PO Buildings, Henry Street, Dublin 1

TenantsHotel Chocolat

TenantsPandora



Lease Expiration

Lease Expiration

Approximate Size

Approximate Size

€0–5m

€0–5m

5–10 years

0–5 years

1,400 ft2

1,800 ft2


INDUSTRIALIreland Properties


20

Unit 21, Fonthill Business Park, Clondalkin, Dublin 22

TenantsAquilant Medical (ROI) with a parent company guarantee from UDG Healthcare plc


Lease Expiration

Approximate Size

€10–15m

0–5 years

86,500 ft2


Eagle House, Dublin Airport Logistics Park, St. Margaret’s Road, Co. Dublin

TenantsGilead Sciences Ireland UC


Lease Expiration

Approximate Size

€5–10m

5–10 years

40,000 ft2

22


Unit 25, Magna Drive, Magna Business Park, Citywest, Dublin 24

TenantsLeo Laboratories


Lease Expiration

Approximate Size

€0– €5m

0–5 years

25,000 ft2



2004, Citywest Business Campus, Naas Road, Dublin 24

TenantsUTC Fire & Security IrelandDaikin EuropeIC Realtime


Lease Expiration

Approximate Size

€0–5m

0–5 years

27,000 ft2

Unit 1, Rosemount Business Park, Dublin 15

TenantsOPW


Lease Expiration

Approximate Size

€0–5m

0–5 years

27,000 ft2

24


Units 17A & B, Stillorgan Industrial Estate, Dublin 18

TenantsAIB


Lease Expiration

Approximate Size

€0–5m

5–10 years

20,500 ft2


Unit 17C, Stillorgan Industrial Estate, Dublin 18

TenantsAIB


Lease Expiration

Approximate Size

€0–5m

5–10 years

3,500 ft2


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OFFICEUK Properties


8-10 Hatton Gardens, London EC1

TenantsBI Wines and SpiritsBeverley Hills JewellerySmith & Green JewellersApex JewellersEcho Brand Design


Lease Expiration

Approximate Size

£10–15m

5–10 years

11,500 ft2


28


960 Capability Green, Luton, Bedfordshire LU1 3LU

TenantsRegus


Lease Expiration

Approximate Size

£0–5m

5–10 years

25,500 ft2


30

RETAILUK Properties


26 Bridge Street, Stratford- upon-Avon CV37 6AD

TenantsNew Look


Lease Expiration

Approximate Size

£0–5m

0–5 years

6,500 ft2

24 Bridge Street, Stratford- upon-Avon CV37 6AD

TenantsLaura Ashley


Lease Expiration

Approximate Size

£0–5m

0–5 years

13,000 ft2

32


36 Clarence Street, Kingston upon Thames KT1 1NR

TenantsVodafone


Lease Expiration

Approximate Size

£5–10m

5–10 years

3,000 ft2

42/44 Clumber Street, Nottingham, Nottinghamshire NG1 3GB

TenantsFoot Locker


Lease Expiration

Approximate Size

£0–5m

0–5 years

5,000 ft2


INDUSTRIALUK Properties


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Plot 27, Northbank Industrial Park, Irlam, Manchester M445 BP

TenantsUPS


Lease Expiration

Approximate Size

£0–5m

0–5 years

53,500 ft2


Unit A, Dencora Centre, Manor Royal, Crawley, Sussex RH10 2PY

Unit C, Dencora Centre, Manor Royal, Crawley, Sussex RH10 2PY

TenantsHendy Group

TenantsUPS



Lease Expiration

Lease Expiration

Approximate Size

Approximate Size

£0–5m

£0–5m

10+ years

0–5 years

12,000 ft2

31,500 ft2

Unit B, Dencora Centre, Manor Royal, Crawley, Sussex RH10 2PY

TenantsHSS Hire


Lease Expiration

Approximate Size

£0–5m

0–5 years

12,000 ft2

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Unit 1, Site B, Etheridge Avenue, Brinklow, Milton Keynes MK10 OBP

Unit 2, Site B, Etheridge Avenue, Brinklow, Milton Keynes MK10 OBP

TenantsRadley Group

TenantsLok’n’Store



Lease Expiration

Lease Expiration

Approximate Size

Approximate Size

£0–5m

£0–5m

5–10 years

5–10 years

57,000 ft2

27,500 ft2


© 2019 State Street Corporation. All Rights Reserved.ID15820-2426389.1.1.EMEA.INST Exp. Date: 29/02/2020

Marketing Communication. This material is for your private information.

State Street Global Advisors Ireland Limited is regulated by the Central Bank of Ireland. Registered office address 78 Sir John Rogerson’s Quay, Dublin 2. Registered number 145221. T: +353 (0)1 776 3000. F: +353 (0)1 776 3300. Web: ssga.com.

The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.

The value of any Properties acquired may rise or fall and may do so at different rates. The property market is cyclical and a loss could be incurred if any Property was to be sold during a downturn. Property is an illiquid asset class and delays could occur in realising the sale of any Property. The Net Asset Value of a Fund may fluctuate as property values and rental incomes rise and fall. Whilst returns from Property investments have the potential for attractive returns over the longer term, the short-term volatility of these returns can also be high. Property is a physical asset and as such is subject to obsolescence and environmental risks, such as earthquakes, pollution, flooding etc. which will impact on value.

The Fund is actively managed and may underperform its benchmarks. An investment in the fund is not appropriate for all investors and is not intended to be a complete investment program. Investing in the fund involves risks, including the risk that investors may receive little or no return on the investment or that investors may lose part or even all of the investment.

The value of investments can fall as well as rise. Past performance may not be a reliable guide to future performance.

The WindWise Property Fund, previously known as the State Street Global Advisors Property Unit Trust was authorised by the Central Bank of Ireland as a unit trust pursuant to the Unit Trusts Act, 1990 and the European Communities (Alternative Investment Fund Managers Directive) Regulations 2013 (as amended) as a Qualifying

Investor Alternative Investment Fund on 31 March 2015. This document should be read in conjunction with its Prospectus and Supplement. All transactions should be based on the latest available Prospectus and Supplement which contain more information regarding the charges, expenses and risks involved in your investment. Prospective investors may obtain these reports free of charge from State Street Global Advisors Ireland Limited, 78 Sir John Rogerson’s Quay, Dublin 2. T: +353 (0)1 7763000. F: +353 (0)1 7763300 or at ssga.com.

The information provided does not constitute investment advice as such term is defined under the Markets in Financial Instruments Directive (2014/65/EU) and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell any investment. It does not take into account any investor’s or potential investor’s particular investment objectives, strategies, tax status, risk appetite or investment horizon. If you require investment advice you should consult your tax and financial or other professional advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.

This communication is directed at professional clients (this includes eligible counterparties as defined by the Central Bank of Ireland (CBI) who are deemed both knowledgeable and experienced in matters relating to investments. The products and services to which this communication relates are only available to such persons and persons of any other description (including retail clients) should not rely on this communication.

Investing involves risk including the risk of loss of principal.

Investing in REITs involves certain distinct risks in addition to those risks associated with investing in the real estate industry in general. Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage

REITs may be affected by the quality of credit extended. REITs are subject to heavy cash flow dependency, default by borrowers and self-liquidation. REITs, especially mortgage REITs, are also subject to interest rate risk (i.e. as interest rates rise, the value of the REIT may decline).

There are risks associated with investing in Real Assets and the Real Assets sector, including real estate, precious metals and natural resources. Investments can be significantly affected by events relating to these industries.

Investing in foreign domiciled securities may involve risk of capital loss from unfavourable fluctuation in currency values, withholding taxes, from differences in generally accepted accounting principles or from economic or political instability in other nations.

Holdings shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

All the information contained in this document is as of date indicated unless otherwise noted.

The information contained in this communication is not a research recommendation or ‘investment research’ and is classified as a ‘Marketing Communication’ in accordance with the Markets in Financial Instruments Directive (2014/65/EU) or applicable Swiss regulation. This means that this marketing communication (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research (b) is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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About State Street Global AdvisorsFor four decades, State Street Global Advisors has served the world’s governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world’s third largest asset manager with US $2.5 trillion* under our care.

* AUM reflects approximately $32.4 billion (as of December 31, 2018), with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.

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PROPERTIES - SSGA · Explanatory Notes Property Fund holding valuation range is based on valuations as at 31 December 2018 and is based on the following ranges: 0–5m, 5–10m, 10–15m,